That is what i was trying to clarify with them via email. I have not been able to find anywhere on the annual reports or any other reports about hedging. But it seems odd that every single quarterly cash flow report their revenue is the same regardless of the prevailing gold price. You'd think with the fluctuation in the gold price they receipts would vary from quarter to quarter. expecially during the boom last year when aud gold price was something like $1400 their revenue remained the same.
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